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sequestration

U.S. Secretary of Transportation Ray LaHood
U.S. Secretary of Transportation Ray LaHood (Win McNamee/Getty Images)
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Obama Administration: Cuts To Cause Flight Delays

The Obama administration is warning that automatic spending cuts scheduled to take effect March 1 will result in travel delays at major airports and require traffic-disrupting shutdowns of air traffic control towers at smaller facilities.

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Travellers wait out a security breach at Newark Liberty Airport
Travellers wait out a security breach at Newark Liberty Airport (Twitter)
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Could Next Looming Financial Crisis Affect You? [AUDIO]

A couple of months ago we were able to survive a brush with the fiscal cliff, but now, there's a new danger on the horizon, and it's called the sequester.

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Surrounded by first responders who may be impacted by looming budget cuts, President Barack Obama speaks during an event at the Eisenhower Executive Office Building
Surrounded by first responders who may be impacted by looming budget cuts, President Barack Obama speaks during an event at the Eisenhower Executive Office Building (Win McNamee/Getty Images)
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Obama Warns Sequester Will Cause Job Losses

President Barack Obama is warning that "people will lose their jobs" if across-the-board budget cuts take effect as scheduled next week.

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President Obama Vacations With Family On Martha's Vineyard
Matthew Healey-Pool, Getty Images
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Obama Concludes 3-Day Florida Golf Vacation

President Barack Obama hit the links with a comparatively low-key group of partners on Monday, the third and final day of a Florida golf vacation.

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President Barack Obama holds a press conference
President Barack Obama holds a press conference about the next budget battle with Congress (Alex Wong/Getty Images)
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Obama Asks Lawmakers For Short-Term Sequester Fix [VIDEO]

President Barack Obama is asking Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to delay automatic spending cuts scheduled to kick in March 1.

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